Flip to another developer looking for your zoning ordinances.

Or... the other nice thing about these accounts is that you could also shop CD rates.

Building small units in small counts is expensive development.  

HI, I own a part share of a nice recently renovated house in North London, with other members of my family owning the rest, left to me in my fathers estate, with probate granted in 1999, as a tenant in common.

(Social security, pension, 401k, etc)It is hard to retire on $350,000 of net worth.Even if that is generating 10% cash flow, you are talking maybe $35,000 which is $17,500 for each person.I personally like the idea of seller financing a home at that point, potentially exclude the gain on sale if it was their personal residence and get a nice interest return.If the house is big, it also allows them to downsize the home when they look for something to rent.

The other nice benefit of 100% VA disability is that you pay NO PROPERTY TAX on your primary residence.  

Nice to e-meet you all.

Hi Samuel,Nice to meet you... and excited to have found BP.

As others have said, the best thing your son can do is run far from this deal, buckle down, save his pennies (he probably already is doing this), house-hack, and improve a property with sweat, hard work, developing a DIY skillset, and self-managing tenants. 

Nice job on this property!